Early Stocks in Motion
For the fourth quarter, Symbol expects to earn 6 cents to 8 cents a share, with revenue flat with the third quarter's $432 million. Analysts predict earnings of 7 cents a share and revenue of $446.5 million. The stock gained 63 cents, or 7.8%, to $8.75 after hours.
Univision Communications' (UVN) third-quarter profit rose to $79.2 million, or 23 cents a share, from $73.4 million, or 21 cents a share, a year ago. The earnings per share beat analysts' mean estimate by a penny. Meanwhile, the Spanish-language media company said revenue for the quarter grew to $497.5 million from $477.4 million last year, surpassing Wall Street's estimate of $490.7 million. The company also said its board authorized the repurchase of an additional $500 million of its outstanding class A shares. The stock was up $1.21, or 6.7%, to $16.80 in after-hours trading.
Macrovision (MVSN) posted earnings of $6.1 million, or 12 cents a share, for the third quarter, up from $1.3 million, or 3 cents a share, a year ago. Excluding items, the company earned $7 million, or 14 cents a share. The software company reported revenue for the quarter of $46.6 million, down from $48.9 million last year. The results missed analysts' targets for earnings of 16 cents a share, before items, and revenue of $47 million. "The growth rate in DVD sales continues to decline, which impacted revenues from our copy protection business," said Fred Amoroso, president and CEO, in a statement.
Macrovision also cut its forecast for the full year. The company now expects full-year earnings of 79 cents to 81 cents a share on revenue of $202 million to $204 million. Previously, Macrovision predicted 2005 earnings of 89 cents to 92 cents a share, and revenue of $205 million to $215 million. The company sees fourth-quarter earnings of 28 cents to 30 cents a share and revenue of $60 million to $62 million. Analysts were expecting fourth-quarter earnings of 35 cents a share on revenue of $65.7 million, and earnings of 89 cents a share on revenue of $208.2 million for the year. The stock tumbled $1.21, or 6.7%, in after-hours trading, to $16.80.
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